What is the annual yield to maturity on the bond

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Family shop in has a 1000 dollar par value bond that is currently selling for $1146.87. It has an annual coupon rate of 8.65% paid semi annually and has 15 years remaining until maturity. What is the annual yield to maturity on the bond if you purchased the bond today and hold it until maturity? Show work

7.05%

6.24%

13.92%

11.29%

Reference no: EM13728557

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